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Members and pensioners of the Government Service Insurance System in 17 areas in the country hit by El Niño can borrow up to P40,000, as the state pension fund has allocated over P4.3 billion for emergency loans.In an emailed statement, GSIS said the P4.3 billion will cover 185,107 active members and pensioners who can borrow up to P40,000 to clear the balance of their previous emergency loan and receive a maximum net amount of P20,000.
The GSIS said it will accept applications until June 21, 2024, but this will depend on the areas where the members and pensioners are located.Among those qualified are active members working on residing in the calamity-declared areas, must not be on unpaid leave, have no pending legal cases, have paid premiums within the last six months, and have a net take home pay not lower than P5,000.
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